Bank De-risking and Its Impact on Nonprofits

Writing emails can be difficult. Writing emails that stand out in the sea of your donors’ inboxes is even harder, especially when you’re deep in the trenches of year-end! That’s why it’s crucial to lean into the data to tell you what’s going to work better in your email appeals to bring in more donations this giving season and build lasting donor relationships.

No matter the size or mission, nonprofit organizations are upgrading to modern accounting systems at an unprecedented rate. Don’t let spreadsheets and manual processes drain your productivity. Break free and upgrade to a modern nonprofit accounting solution.

There are a few phrases I hear all the time: “We finished our Strategic Plan, but now we need the money to actually do what’s in the plan.” “We finished our Annual Budget, but we always end the year in the red so I don’t know how we’d ever reach our goal.” The notion that nonprofits will never have enough resources to change the world, are unable to ever be fully funded, or will always struggle because they don’t have enough money? That’s simply not true. How do I know? I see my clients do this every day. I see boards, leaders, and development staff successfully make fundamental shifts in their approach to fully financing their missions. And in my book, success looks like having the money for your programs AND overhead AND reserve fund. But, here’s the big secret. It’s what everyone gets wrong. You can’t start with just doing more fundraising things. Your lack of revenue is a symptom of a root problem that needs to be fixed. If you don’t fix it, you’ll always be on the spin cycle. 99% of nonprofit CEOs who come to me are not fully funded because they haven’t addressed the real root problems. These are the things that are keeping donors from giving larger donations to your mission.

The U.S. population is more racially and ethnically diverse than ever before, and is experiencing significant demographic shifts, with implications for philanthropy and the nonprofit sector. Moreover, with the onset of the COVID-19 pandemic and the racial justice movements, communities of color are increasingly investing their time, talent, and treasure to make meaningful changes. Despite these trends, research on philanthropy across diverse communities is limited and many questions remain unknown, including what motivates the giving practices of diverse donors, where they give to, and what specific tools and techniques donors of color are utilizing to enhance their giving.